A repeat QS borrower purchased this single-family home in Westford, MA for $265,000. He renovated the property and sold it for $420,000.
QS Private Lending provided $305,000 of financing: A $235,000 acquisition loan and a $70,000 construction loan. The loan was for 12 months at 14% interest. It was secured by a first mortgage on the property.
The borrower made a 176% return on his investment.
Return on Investment:
Gross Selling Price$420,000
Return on Equity176%
Have you identified a property that you would like to acquire? Get pre-approved today, and make a more competitive offer!